RAPA Initiatives

RAPA's 2018 Committments

RAPA is an association that is committed to improving the reinsurance industry. With participation from our dedicated members, RAPA is working towards the following goals:

1. RAPA Worldwide – our association has predominantly been North American, we are starting to expand our conference to Central America and Australia. Further investigation to expanding in Europe.

2. RAPA initiatives – RAPA sets forth initiatives to explore industry trends and issues. The goal of the initiatives is to bring awareness and provides information or tools that will improve efficiency across the industry

3. Networking – RAPA encourages networking with all business partners and provides the forum to do so. A collective group of industry professionals providing expertise and knowledge.

This year’s planning committee is working hard to provide the re/insurance industry with an informative and educational conference. Working with some of the leading re/insurance companies, the planning committee strives to provide conference attendees with dynamic guest speakers, industry related discussion groups led by subject matter experts, and an opportunity to network with colleagues and clients.

Reinsurance Reporting Guidelines and Best Practices

This document was created through the RAPA Data Initiative to be used as a guide for best practices in reinsurance administration and reporting. It covers topics such as treaty implementation, data quality guidelines, accurate reporting of conversions/continuations, among other topics. It also contains usable templates to assist in reporting and a form that can be used to communicate reporting changes to your business partners. We urge you to utilize this document as a reference tool, to assist in training, as a way to understand the impact of poor quality data and to enhance data quality processes. Feel free to contact Rhonda Nielsen-Jackson if you have any questions about this document.

Communicating System, Data, or Administration Changes to Business Partners

This form was created by the RAPA Data Committee in order to provide a standard communication that can be used between business partners in the industry to share information on system, data, or administration changes. Examples of applicable uses of this form include, but are not limited to, full or partial system conversions, changes to data formats, key elements, or calculation fields, and data clean up efforts. There is further information on the first page of the documents below. The forms below are represented in Microsoft Word 2003 and 2007. Please choose the version that is compatible with your system. Feel free to contact Rhonda Nielsen-Jackson if you have any questions about this form.

Underwriting Methodologies

In September 2017, the Data Initiative team has produced an Underwriting Methodologies document to provide methodology definitions, discussions, risks and best practices. Please review and share this document with your team, peers or organization.

Purpose: To develop tools and techniques to provide guidelines on reinsurance risk management methodology and approach. Particularly relating to risk assessment, and auditing and compliance reviews of the reinsurance administration function of the direct writers, reinsurers and retrocessionaires.

Discussed developing white paper/catalogue of auditing practices to be shared with the industry

This Risk Management initiative team has prepared the Risk Based Audit Plan Guidelines to assist member companies, of the Reinsurance Administration Professional Association (RAPA), in developing a systematic approach for conducting the annual risk based audit plan of ceding companies and reinsurers administration audits by reinsurers and retrocessionaires, respectively.

Reinsurance 101 Presentations!

RAPA Education initiative is pleased to make the Reinsurance 101 presentations which were prepared by members of the industry and used in various industry meetings available for use. Both presentations have valuable information and now can be found on the RAPA website. We recommend using these presentations as a training tool. The following presentations materials was intended to give a general view of Reinsurance .

Good News! Supplement to Reinsurance Basics is back!

As many of you are aware, LOMA had discontinued the Supplement to Reinsurance Basics Program which was prepared by the RAPA Education committee due to lack of participation. We understood from RAPA members that the cost was a bit high and may have hindered enrolment for you and your teams. Since we had very positive feedback about the program from those who had taken it and it was an integral part of laying the foundation for new Reinsurance Administration Professionals, we felt strongly about ensuring that it remain a key resource. Through the diligent efforts of your RAPA Education Committee, some LOMA has agreed to re-launch theSupplement to Reinsurance Basics Program onFriday September 26, 2014 at a reduced cost of $100(vs $149) as well as an additional on line course. Essentially, you can now obtain 4 (vs 3) for a lower price.

We encourage you and your colleagues to take advantage of this exciting opportunity. If you have any questions or comments, please feel free to contact Dalia Khoury at dalia.khoury@optimumre.com.

Education Initiatives

Purpose:

Develop training material in case study format to illustrate the impact of processing. The document will include real life examples with fictive names in order to keep the confidentiality of the material. Topics:

We have 2 to 4 sub-groups tackling different topics. Each sub group is working one topic to complete documentation on by June 2014. Other topics will be noted for future target dates.

Any additional topics will be decided on in the later part of 2014 .

Leader is Dalia Khoury, Optimum Re

2015 Deliverable – New Business Workflow Chart

The Education Initiative team has prepared the New Business workflow chart to assist member companies of the of the Reinsurance Administration Professional Association (RAPA), in understanding in a simplified approach the complexity of the various layers and how they are all entwined.

Past Initiatives

Reinsurance Treaty Fundamentals

The RAPA Education Committee developed a Reinsurance Treaty Fundamentals document to train new hires of direct insurers, reinsurers and retrocessionaires who are responsible for reinsurance administration. This document provides a solid knowledge of treaty basics. The document is broken down into 12 modules, covering the key treaty provisions in a reinsurance treaty. A Q & A section is provided with easy access to the answers. We invite you to use this document and we welcome your feedback. Click here to download the document.

Reinsurance Fundamentals

The Education Committee, in partnership with LOMA, has developed an on-line training program for new hires of direct insurers, reinsurers, and retrocessionaires who are responsible for reinsurance administration. This collection provides a solid introduction to the fundamentals of life insurance products and reinsurance to enable new hires to gain the knowledge and understanding required to administer reinsurance business.

Reinsurance Glossary Reference Document

Glossary from Principles of Reinsurance.Copyright @ 2006 LL Global, Inc. Used with permission from LL Global. All rights reserved. Copying or downloading this information without permission from LL Global is a violation of U.S. federal law and international law. For additional information on LOMA, an operating division of LL Global, and its educational programs, visit LOMA’s website at http://www.loma.org

BECOME A RAPA MEMBER

The Reinsurance Administration Professionals Association encourages you to join our group of industry professionals. The association encourages knowledge sharing, networking and industry best practices.